Topic: [Vote] Decred. Genius Innovation or Utter Shitcoin? [Poll Reset] - page 2. (Read 3056 times)
February 25, 2016, 01:24:51 PM
If some of the developers of btcsuite are making their own altcoin, i'll pay attention to it. They're good developers, and the idea of an altcoin written in Go is refreshing.
February 25, 2016, 01:11:51 PM
Solid team (btcsuite devs) solid technology, big potential, devs have good funds and miners cant screw around like bitcoin because of Decreds superiour governance model.
February 25, 2016, 01:03:49 PM
And for once they launched a coin that is actually working with features right from the onset instead of another lame "hey we got this really good idea, we just need 2 years to do it and an ICO to get it off the ground"
What features?
In my mind they earned the premine, and with the small supply and strong holders from the airdrop I predict it can be a top 10.
There is already Bitcoin and there is already Litecoin in the top 10. Why would Decredit be top 10?
February 25, 2016, 12:38:32 PM
There is a reason crypto mining is called Proof of "Work", i.e there is actual energy from processing power and electricity put into minting coins which gives it inherent value. Well you know what, they did the work too in developing the coin with the original white paper dating back to 2013 and they've been working on it since. Work & labor is measured in more ways than just flipping on your mining software.
And for once they launched a coin that is actually working with features right from the onset instead of another lame "hey we got this really good idea, we just need 2 years to do it and an ICO to get it off the ground"
In my mind they earned the premine, and with the small supply and strong holders from the airdrop I predict it can be a top 10.
And for once they launched a coin that is actually working with features right from the onset instead of another lame "hey we got this really good idea, we just need 2 years to do it and an ICO to get it off the ground"
In my mind they earned the premine, and with the small supply and strong holders from the airdrop I predict it can be a top 10.
February 25, 2016, 10:54:13 AM
DCR price just keeps floating up! i don't know how they do it but this natural growth is amazing!!! i heard it's going on poloniex?
Honestly this is the first time I read about this coin I was attracted because they say the developers of bitcoins are actually behind this coin?Is this true or they just want to hype decred it's a good publicity hype,you know when you are starting any new project..
And Bitcoin is a dead end compared to some other tech so why is it a positive they have some time in the past done something Bitcoin related? I would actually prefer a coin by developers who can do better than Bitcoin.
Perhaps they needed an easy job that pays monthly so they came up with the governance scheme.
And the price is high probably because they airdopped most of the coins to themselves.
Or maybe it really is the new Litecoin with nothing new to offer but still somehow silver to Bitcoin's gold.
February 25, 2016, 10:38:54 AM
This coin seems to be a shitcoin to me. There is a lot of premine which will not attract people to buy. Most likely the dev will cashout and dump those coins into the market.
February 25, 2016, 10:19:33 AM
Where are you guys trading this coin?
Because when I am trying to buy the coin on yobit there is little volume for that?
And the price is like 11 satoshi.
Because when I am trying to buy the coin on yobit there is little volume for that?
And the price is like 11 satoshi.
February 25, 2016, 09:57:27 AM
What is the real technical innovation and new function of this coin, without regard to the governance issues.
February 25, 2016, 09:18:10 AM
DCR price just keeps floating up! i don't know how they do it but this natural growth is amazing!!! i heard it's going on poloniex?
Honestly this is the first time I read about this coin I was attracted because they say the developers of bitcoins are actually behind this coin?Is this true or they just want to hype decred it's a good publicity hype,you know when you are starting any new project..
February 25, 2016, 09:16:23 AM
DCR price just keeps floating up! i don't know how they do it but this natural growth is amazing!!! i heard it's going on poloniex?
Honestly this is the first time I read about this coin I was attracted because they say the developers of bitcoins are actually behind this coin?Is this true or they just want to hype decred it's a good publicity hype,you know when you are starting any new project.. February 25, 2016, 04:51:05 AM
For now it is a utter shitcoin, if not worse than a shitcoin. The so called "dev team" has done absolutely nothing so far, maybe there is something being done behind the scenes, who knows. They developed the project for years, "bought in" for a lot of cash (as they say), are trying to be the next big thing in crypto yet they work with less care than random shitcoin developer who launches 5 in a week. If they would care about the coin and the future they would have not given us the shitshow launch that this was.
It is just another pump for the whales. Welcome to the future and Crave vol 2.
It is just another pump for the whales. Welcome to the future and Crave vol 2.
February 25, 2016, 02:24:55 AM
Quote
...
soooo this is all you can come up with for calling it a shitcoin? really?
Here is a brief incomplete summary of the shittiness of this shitcoin.
1) A massive premine. The signature of people who don't quite get what coins are about.
2) An NGO mentality. The signature of people who want to get paid for appearing to do something great that they are not actually doing. If you strip away the charming words like "governance", "progressive", etc, all that is left is bullshit.
3) Airdrop. A cheap way to buy allies, bribe strangers. A reputable crowd would not throw dollar bills. You can justify it by saying "xyz coin did it", but it bodes poorly for the coin.
4) Zero substantial innovation, beyond fluff stuff. The coin really adds nothing useful. It only claims to, in very eloquent language.
5) The one, single, only thing that gives the project some credibility is the list of projects that some of those devs were involved in. It looks like some of them were involved in big projects in the past. This coin will continuously need a massive inflow of money to keep it looking shiny to investors and the public. At some point, as more coins are mined, the expense will exceed the return and the house of cards will fall.
February 25, 2016, 01:48:45 AM
...People are barely using bitcoin...
Genius innovation? It's like designing a better turd.
Genius innovation? It's like designing a better turd.
The idea behind speculation is to anticipate what people will use, not what they are using.
February 25, 2016, 01:22:18 AM
I find everything about this coin, convoluted, including the reward schedule. It's a mess in my view, like a Jackson Pollock painting.
P.S. I actually like Jackson Pollock paintings.
P.S. I actually like Jackson Pollock paintings.
February 25, 2016, 01:11:32 AM
DCR price just keeps floating up! i don't know how they do it but this natural growth is amazing!!! i heard it's going on poloniex?
February 25, 2016, 01:08:04 AM
Decred is actually one of the more quality cryptocurrencies to be released the past several years. Do yourselves a favor and get informed.
February 25, 2016, 12:17:34 AM
It's a shitcoin just like any other shitcoin and I can say that with absolute certainty even though I know nothing about it. People are barely using bitcoin--there are hardcore users, yes, but the average Joe on the street? Absolutely not. And no one on the street would likely know about LTC or Dash or Doge, much less Decred. It's laughable.
Genius innovation? It's like designing a better turd.
Genius innovation? It's like designing a better turd.
February 24, 2016, 09:17:55 PM
Decred has risen fast on heavy volume and seems to have some very deep pockets behind its development.
Is the following
justified by
Is the following
...
The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. ...
The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. ...
justified by
...
Maybe the following excerpts from press can serve as a TL;DR to highlight why people are excited about Decred:
( From: https://securityintelligence.com/news/digital-currency-divide-bitcoin-decred-and-the-virtual-finance-future/ and http://news.softpedia.com/news/amid-bitcoin-centralization-worries-core-developers-start-new-currency-called-decred-498137.shtml )
Maybe the following excerpts from press can serve as a TL;DR to highlight why people are excited about Decred:
Quote
Some of Bitcoin's developers have left the project and are now starting their separate digital currency called Decred, promoting an open governance model, which they say is missing in Bitcoin.
The new cryptocurrency is looking to solve what Company 0 CEO Jacob Yocom-Piatt said is the biggest problem with bitcoin: It’s controlled by a small group of external actors who decide how the service will evolve, often in spite of developer objections and to the detriment of users. To address the problem, former bitcoin developers are opting for a decentralized, community-based governance model. The Decred team also plans to introduce a number of features that include:
- A consenus-based system using proof of work and proof of stake;
- Hashing via the Blake-256 algorithm; Ed25519/secp256k1-Schnorr or secp256k1 signatures to improve software integration;
- Potential bitcoin compatibility.
Simply put, Decred wants to eliminate governance and decision-making issues that plague bitcoin while keeping many of the central functions intact. It makes sense: Bitcoin has garnered enough positive attention and investor confidence that there’s no need to reinvent the wheel. Rather, the cryptocurrency aims to coast along on bitcoin’s momentum with promises of improved security and better collaboration.
The new cryptocurrency is looking to solve what Company 0 CEO Jacob Yocom-Piatt said is the biggest problem with bitcoin: It’s controlled by a small group of external actors who decide how the service will evolve, often in spite of developer objections and to the detriment of users. To address the problem, former bitcoin developers are opting for a decentralized, community-based governance model. The Decred team also plans to introduce a number of features that include:
- A consenus-based system using proof of work and proof of stake;
- Hashing via the Blake-256 algorithm; Ed25519/secp256k1-Schnorr or secp256k1 signatures to improve software integration;
- Potential bitcoin compatibility.
Simply put, Decred wants to eliminate governance and decision-making issues that plague bitcoin while keeping many of the central functions intact. It makes sense: Bitcoin has garnered enough positive attention and investor confidence that there’s no need to reinvent the wheel. Rather, the cryptocurrency aims to coast along on bitcoin’s momentum with promises of improved security and better collaboration.
( From: https://securityintelligence.com/news/digital-currency-divide-bitcoin-decred-and-the-virtual-finance-future/ and http://news.softpedia.com/news/amid-bitcoin-centralization-worries-core-developers-start-new-currency-called-decred-498137.shtml )
soooo this is all you can come up with for calling it a shitcoin? really?
February 24, 2016, 05:34:15 PM
Social FUD/astroturf campaigns are cheap and easy ways to try and control the narrative.
Whenever I see a little too much effort put into a fud post like this, I'm just gonna post a link to this article which explains why they're useful and used profligately throughout the cryptocurrency space. It's done by stakeholders of similar cryptocurrencies in order to protect the value of the one they're locked into, and it's also done by the fiat currency establishment in order to undermine, derail, or distract.
Have fun reading this article by way of my own little boilerplate FUD/astroturf neutralizer.
https://bitcoinmagazine.com/articles/i-m-a-former-green-beret-here-s-how-i-would-bring-down-bitcoin-1456165726
Whenever I see a little too much effort put into a fud post like this, I'm just gonna post a link to this article which explains why they're useful and used profligately throughout the cryptocurrency space. It's done by stakeholders of similar cryptocurrencies in order to protect the value of the one they're locked into, and it's also done by the fiat currency establishment in order to undermine, derail, or distract.
Have fun reading this article by way of my own little boilerplate FUD/astroturf neutralizer.
https://bitcoinmagazine.com/articles/i-m-a-former-green-beret-here-s-how-i-would-bring-down-bitcoin-1456165726
I am not a stakeholder in any competing currency.
I consider Decred a shitcoin but bought 0.03 btc worth, which is a lot for me, but will be watching sentiment towards the coin and will try to dump before the devs and other bag holders do.
So I am making money if it goes up and do not make any money if it drops, but consider the truth to be worth something too.
The truth is displayed in your poll. People love decred no matter what a few fudders claim. The technology and governance will proove itself just matter of time. And i am not saying that it will compete bitcoin but will be the second crypto for sure and may help bitcoin to oversee their old fashioned governance that helps only the very few decident factors
lol
There are lots of coins that allow users to vote on various things.
What really makes Decred stand out is the shameless hype it's pump team uses.
You can use fancy words like "governance" and shovel all kinds of nonsense in every direction, but Decred is a common shitcoin that is being pumped by some old bitcoin hands who have nothing new but want to cash in.
---
As for what is displayed by the poll, there were 25 pro Decred votes almost immediately, there are 28 now as I post (thread has 244 views).
Let's see if this changes
Brilliant coin. Solid team. I'm in. - 28 (70%)
Price is rising so I buy, but not sure. - 2 (5%)
Shitcoin being pumped. Going to buy and try to make money before the premine dump. - 6 (15%)
Why do people keep falling for these premined turdcoins? - 2 (5%)
Stop making polls you twat. - 2 (5%)
Lock Voting Edit Poll
Total Voters: 40
February 24, 2016, 05:16:44 PM
Social FUD/astroturf campaigns are cheap and easy ways to try and control the narrative.
Whenever I see a little too much effort put into a fud post like this, I'm just gonna post a link to this article which explains why they're useful and used profligately throughout the cryptocurrency space. It's done by stakeholders of similar cryptocurrencies in order to protect the value of the one they're locked into, and it's also done by the fiat currency establishment in order to undermine, derail, or distract.
Have fun reading this article by way of my own little boilerplate FUD/astroturf neutralizer.
https://bitcoinmagazine.com/articles/i-m-a-former-green-beret-here-s-how-i-would-bring-down-bitcoin-1456165726
Whenever I see a little too much effort put into a fud post like this, I'm just gonna post a link to this article which explains why they're useful and used profligately throughout the cryptocurrency space. It's done by stakeholders of similar cryptocurrencies in order to protect the value of the one they're locked into, and it's also done by the fiat currency establishment in order to undermine, derail, or distract.
Have fun reading this article by way of my own little boilerplate FUD/astroturf neutralizer.
https://bitcoinmagazine.com/articles/i-m-a-former-green-beret-here-s-how-i-would-bring-down-bitcoin-1456165726
I am not a stakeholder in any competing currency.
I consider Decred a shitcoin but bought 0.03 btc worth, which is a lot for me, but will be watching sentiment towards the coin and will try to dump before the devs and other bag holders do.
So I am making money if it goes up and do not make any money if it drops, but consider the truth to be worth something too.
The truth is displayed in your poll. People love decred no matter what a few fudders claim. The technology and governance will proove itself just matter of time. And i am not saying that it will compete bitcoin but will be the second crypto for sure and may help bitcoin to oversee their old fashioned governance that helps only the very few decident factors
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